My Exact Action Plan to Make 6 Figures in Holiday 2024 via eCommerce
Share
If you're looking to turn your side hustle into a six-figure success this holiday season, you’re in for a treat.
Hi friends! I’m Genevieve, and today I’m sharing a detailed monthly action plan to help you reach financial success with your online store by the end of 2024.
So, my last video about making $10,000 in side income from my online shops got quite a bit of attention.
Today, I want to go a step further and give you a monthly action plan to boost your side incomes in 2024.
And guess what? It’s not too late to start now!
In case we haven’t met, I’m Genevieve. I’ve been running my e-commerce business on Etsy since 2018. In 2022, I quit my day job to focus on it full-time, and I even opened a physical shop in NYC. After helping friends set up their own online stores, I realized I could help even more people. So, here we are!
Types of eCommerce Incomes
First up, let’s talk about the types of income we’re focusing on: Affiliate Marketing, Traditional eCommerce, and Dropshipping.
Affiliate Marketing
This is where you earn commissions by promoting products from other sellers. Platforms like Amazon and TikTok offer affiliate marketing opportunities. It’s a low-risk way to make money, especially if you’ve got a decent online following.
Traditional eCommerce
Selling physical goods on platforms like Etsy. This model gives you control over branding, customer service, and shipping. It requires an initial investment in inventory.
Dropshipping
A mix of affiliate marketing and traditional eCommerce. You sell products without holding any inventory. When a customer orders, you buy the product from a third-party supplier who ships it directly to the customer. This reduces risk and upfront costs while allowing control over branding and customer service.
Monthly Plan
Starting an e-commerce business requires dedication and a solid plan, but the rewards can be substantial. By following this monthly action plan, you can prepare your online store for the peak holiday season and aim for success.
Step 1: Create Your Etsy Account Set up your Etsy shop to sell your products. There are tons of tutorials on how to create an Etsy seller account. You can watch this one here.
Make sure to develop strong branding for your shop using tools like Canva for logos and other marketing materials.
Step 2: Create Your Social Media Accounts Create a TikTok account. TikTok’s user base is still growing, and it’s a great platform for promoting products. Set up your TikTok Shop to directly list and link products in your videos.
You can watch this video here on how to set up your TikTok Shop account.
July: Source Products
Finding the right products is crucial. Here are my go-to platforms:
Alibaba:
Perfect for beginners. Create an account, search for products, and negotiate shipping rates. Be mindful of Minimum Order Quantities (MOQ) and start small to test product popularity.
Eunoia Selects
Our own sourcing network offering faster, cheaper options with low MOQs. We focus on jewelry, fashion, and beauty products. Eunoia Selects provides wholesale prices at 60% off the suggested retail prices (MOQ 5) and 80% off when you buy 25+ items, with fast one-week shipping at affordable rates.
August: List Your Products
Time to list your products on Etsy. You can watch this video here to learn how to list your product. Aim to list at least 10 products to give customers plenty of choices and increase their likelihood of buying.
Use a pricing template to save time and ensure accuracy.
You can buy our pricing template for only $1 here.
If you’re fulfilling orders yourself, get your packaging materials ready. Think boxes, pouches, label printers, and stickers. These can also be sourced from Eunoia Selects at great prices here.
September - January: Promote Yourself & Products
Promotion is key to driving sales. Use Etsy’s organic traffic and boost it with social media marketing. Create engaging TikTok videos showcasing your products. While you can’t directly link Etsy products to TikTok videos, you can list them on TikTok Shop or include a link to your Etsy shop in your bio. Consistency is crucial; batch-create videos and schedule daily posts.
E-commerce success demands time and effort, but with this plan, you can reach your financial goals this holiday season.
Get ready to make 2024 your most profitable year yet! Let’s start this e-commerce journey together.